7160 justin rd., lantana, tx 76226 lantana retail 7160...7160 319 w. oak street | denton, tx 76201 |...

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7160 319 W. OAK STREET | DENTON, TX 76201 | 940.381.2220 | WWW.V-RE.COM FOR SALE GREG PRICE 940.381.2220 [email protected] 7160 Justin Rd., Lantana, TX 76226 LANTANA RETAIL

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71603 1 9 W . O A K S T R E E T | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M

F O R S A L E

G R E G P R I C [email protected]

7160 Justin Rd., Lantana, TX 76226

L A N TA N A R E TA I L

V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M

INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services

G R E G P R I C [email protected]

NOI: $282,528

Year Built: 2016

Building Gross: 10,384 SF

Land Area: 1.1659 Acres

Lease Type: NNN

O F F E R I N G P R I C E$4,180,000

C A P R AT E6.76%

F O R S A L E

7160 JUSTIN RD., LANTANA, TX 76226

L A N T A N A R E T A I L

V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M

INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services

G R E G P R I C [email protected]

F O R S A L E

7160 JUSTIN RD., LANTANA, TX 76226

L A N T A N A R E T A I L

V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M

INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services

G R E G P R I C [email protected]

ANYTIME FITNESSAs of 2018, Anytime Fitness had over 4,000 gym locations and 3 million clients in more than 30 countriesWith 24/7 access to more than 3,000 locations worldwide, the most convenient gym on the planet.According to Forbes, Anytime Fitness was the fastest growing health club franchise in 2014.2015 Entrepreneur Magazine ranked Anytime Fitness first on its global franchise listThere are gym locations in all 50 US states, Canada, Mexico, Australia, New Zealand, United Kingdom, Ireland, Grand Cayman,Poland, the Netherlands, Spain, Qatar, India, Italy, Chile, Japan, Singapore, Malaysia and the Philippines. In 2015 and 2016, AnytimeFitness was ranked first on the publication's top global franchises list.In 2010, the International Health, Racquet, andSports club Association named Anytime Fitness the fastest growing fitness club.Franchise Chatter titled Anytime Fitness as the franchise with the bestbusiness model in 2011. The Star Tribune called Anytime Fitness one of Minnesota's top workplaces in 2011, 2012, and 2013 The companyranked first in Minnesota Business Magazine's best company to work for in 2012and 2013 Forbes ranked the company 14th as America's most promising companies

Tenant Background Data

F O R S A L E

7160 JUSTIN RD., LANTANA, TX 76226

L A N T A N A R E T A I L

V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M

INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services

G R E G P R I C [email protected]

IMAGERY IN MOTION DANCE

Vote best in Denton County 2018 Students’ Choice

Imagery In Motion Dance is committed to inspire creativity, passion, and discipline through a positive environment.

This faculty strives to instill strong work ethics, self-expression, confidence, coordination, musicality, rhythm and pristine technique toeach individual. Imagery In Motion Dance offers classes for all levels from the beginning dancer to the pre-professional dancer.

The Elite Company is a pre professional program designed for the serious dancer. This program encourages the development ofprofessional career placement andadmittance into performing arts high schools and universities.

Your 2016 & 2017 Platinum Grand National Champions, and 7 time National Champions the IMD Elite Team

The IMDC is a Competitive Drill Company that competes at local competitions and community performances throughout the year.

Tenant Background Data

F O R S A L E

7160 JUSTIN RD., LANTANA, TX 76226

L A N T A N A R E T A I L

V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M

INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services

G R E G P R I C [email protected]

POPULATION 1 MILE 3 MILES 5 MILES

Total population 3,750 29,788 96,871

Median age 37.6 37.6 36.6

Median age (Male) 38.8 38.2 36.3

Median age (Female) 35.8 36.4 36.6

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 1,193 9,450 30,975

# of persons per HH 3.1 3.2 3.1

Average HH income $156,996 $155,435 $133,724

Average house value $401,083 $381,893 $320,077

* Demographic data derived from 2010 US Census

F O R S A L E

7160 JUSTIN RD., LANTANA, TX 76226

L A N T A N A R E T A I L

V E R U S C O M M E R C I A L | D E N T O N , T X 7 6 2 0 1 | 9 4 0 . 3 8 1 . 2 2 2 0 | W W W .V - R E . C O M

INFORMATION ABOUT BROKERAGE SERVICES LINKhttps://www.trec.texas.gov/forms/information-about-brokerage-services

G R E G P R I C [email protected]

F O R S A L E

7160 JUSTIN RD., LANTANA, TX 76226

L A N T A N A R E T A I L

LOCATION INFORMATION

Building Name Lantana Retail

Street Address 7160 Justin Rd.

City, State, Zip Lantana, TX 76226

County/Township Denton

Market DFW

Submarket Lantana Bartonville Copper Canyon

Cross Streets 407 & Simmons Rd

BUILDING INFORMATION

Building Size 10,384 SF

NOI $282,528

Cap Rate 6.76%

Price / SF $402.54

Year Built 2016

Occupancy % 100%

Tenancy Multiple

Gross Leasable Area 10,384 SF

Load Factor Yes

PROPERTY DETAILS

Property Type Retail

Property Subtype Street Retail

Lot Size 1.166 Acres

Submarket Lantana Bartonville Copper Canyon

PARKING & TRANSPORTATION

Number Of Spaces 46